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20110701
20110731
Search Results 0 to 7 of about 8 (some duplicates have been removed)
. it was believed they forged a partnership, but jon karl is in washington, and the speaker fired off a letter just before we came on the air tonight? >> reporter: that's right. the speaker and the president were on the verge of an historic deal that would have cut spending by $3.5 trillion, dealt with the debt crisis and raised that debt ceiling. now, the speaker has fired off this letter to all the members of the house, saying the deal, the talks are over. he says it has become evident that the white house is simply not serious about ending the spending binge. in the end, the speaker writes, we could not connect. i'm told this broke down over a disagreement over how much to raise tax revenues. >> and jon, you know it wasn't long after we learned that this letter was coming that the president said he was going to fire back then, too. here's what the president just said, we'll get your reaction herere >> we have run out of time and they are going to have to explain to me how it is that we are going to avoid default. and they can come up with any plans s at they want and bring them up here and we wi
side's rhetoric squares very well with reality. let's get some perspective now from jon corzine, former democratic governor of new jersey, before that a u.s. senator and ceo of goldman sachs. currently he runs an investment firm mf global holdings limited. also carli fiorina, advisor to republican senatorial committee. also former senior campaign adviser to john mccain and before that ceo of hewlett-packard. let me start with you carly. you heard those sound bites. it seems like ending the corporate jet tax hike would be uncontroversial, but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe we can make a dent without doing that? >> i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids, you don't feel very wealthy right now. so i think that's the problem. the rhetoric doesn't match the reality.
there are going to be folks on both sides. the question is, can you get enough votes? and i think jon is absolutely right. it's critically important that we raise the debt ceiling. i think, however, the president of the united states is not a freshman house republican. >> right. >> and as i said, this deal has been on the table for a long time. this problem has been on the table for a long time. i think we need the president of the united states, the leader of the free world, to step forward and lead here. and i think there will be enough bipartisan support to get a deal done. >> has he not been leading on this? i mean, with regards to his most recent conversations? >> you know, disappointingly president obama put forward a budget in february. this was his opportunity to lead, in my opinion that. budget was voted down 97-0. it tackled entitlement reform not a bit. he gave a wonderful speech in april which the congressional budget office said it couldn't score because there weren't enough specifics. the truth is, the president himself has never put a deal on the table. he's asked other
. no one's making anything happen. >> so, we asked jon karl of abc to break it down and tell us, why it is so hard to cut a deal. >> reporter: welcome to washington, a place where, right now, it seems, nothing can get done. >> every one of us is an accomplice in causing this great nation to decline. every single o o of us. >> reporter: congresestoday looked like a bad game show. >> this is the wheel of misfortune that we have to avoid getting into. >> reporter: the key number, 217. the votes needed to pass a debt deal in the house. republicans are now in charge, but they don't have 217 votes to not even the last ditch option offered by republican mitch mcconnell, that would allow the president to raise the debt ceiling, but to put republicans on record opposing it. tea party republicans are saying no way to mcconnell. there is no way you'll do that, even if mitch mcconnell says it's the only option? >> mitch mcconnell is not the only person with a brain here in washington, d.c. >> reporter: after more than a week of sniping, the two republican leaders in the house say they've made pe
for anything, a closing of a loophole or tax hike of any sort? >> candy, jon kyl was in negotiations as you know with the vice president. he said there were certain revenue raises, and to say that we're raising anybody's taxes is a principle we promised the american people last year and we have to stick to. >> could you share what sort of revenue raisers might be okay with you? >> no. >> you're no fun. thank you for take the time this morning. >> thank you for having me on, candy. >>> up next, "making it in america," our all-star line up on the american dream and how to save it. up on the american dream and how to save it. >>> we turn now to our special on the american dream, the opportunity to live well and prosper. no matter who you are or the specifics of your dream it likely begin wz a job. where have all the good ones gone? joining me the cofounder of aol and the start up america, steve case. >> thank you for having me here. >> give us an overview of what people know about the job market. private businesses are not making enough, and there are not enough startup companies to go online
Search Results 0 to 7 of about 8 (some duplicates have been removed)